Technical Analysis of EUR/USD

The EUR/USD pair is moving in a downward trend on the four-hour and one-hour timeframes. Prices have formed an FVG zone on the four-hour timeframe around the 1.1720 level, and prices are expected to decline from these levels. Currently, EUR/USD is expected to continue its bearish movement.

Important Economic News

There are no major economic news releases for the US Dollar today, so price action is expected to remain relatively calm on the EUR/USD pair.

Liquidity Levels:

We expect prices to decline and target 1.1642, then the next liquidity level at 1.1590.

The bearish scenario will be invalidated if prices visit the 1.1744 level.